Dow rockets 1,000 points higher in forceful market rebound from tech rout earlier in week

Stocks surged on Friday as technology stocks recovered following several days of heavy selling in the sector and bitcoin rebounded following a rout that took the popular cryptocurrency down more than 50% at one point.

The Dow Jones Industrial Average advanced 1,044 points, or 2.1%, turning positive for the week and reaching an all-time high. The S&P 500 jumped 1.7%, while the Nasdaq Composite traded up 2%. With those moves, the S&P 500 climbed slightly back into the green for 2026.

Even with Friday’s pop, the S&P 500 was still on pace for a 0.4% decline for the week, while the Nasdaq is down about 2% on the week still. The 30-stock Dow, meanwhile, is sitting up 2% week to date, benefitting from some rotation into some economically cyclical stocks even as the overall market was weighed down by tech selling.

Nvidia and Broadcom were two of the key winners Friday, with the former increasing by 7% and the latter rising 7% following big declines earlier in the week. 

Other stocks such as Oracle and Palantir Technologies also bounced back as investors reconsidered some of the names at cheaper levels. 

Oracle rose 4%, and Palantir was up by 5%. Some key software stocks like Salesforce and ServiceNow — which have been the epicenter of the tech sell-off because of an artificial intelligence disruption fear of software — remained weak on Friday, however.